 India's maritime sector has long been a driving force behind the nation's economic growth. With the coastline spanning over 7,517 km and more than 200 ports, we hold a strategic position along the world's busiest trade routes. We have focused our efforts on revolutionizing logistics with transformative initiatives like Sagar Mala and the Prime Minister's Gati Shakti National Master Plan to create a multimodal logistics network to enhance efficiency. As per the recent World Bank's Logistics Performance Index report, India has moved up to 22nd rank in international shipments in 2023 from the 44th rank in 2018. Today, our average container dwell time is much better than advanced countries such as USA and Germany. Our turnaround time of 0.9 days is better than Canada, Australia, Germany and USA. Under the visionary leadership of our Honourable Prime Minister Shreem Narendra Modi, India's maritime sector has seen unprecedented growth in the last nine years. Inland waterway traffic has grown an astounding 1,731%. Capacity of ports has doubled. Number of Indian seafarers have more than doubled. Number of sea cruise passengers have tripled. We have made thousands of kilometers of new roads. The infrastructure of our coastal area is being strengthened through the Sagar Mala Project. All these efforts are increasing the employment generation and ease of living. Today, Bharat Sarkar is gifting to the nation projects worth more than 4,000 crore rupees by the Ministry of Boats, Shipping and Waterways. The newly constructed ultra-large world's first stepped dry dock at the Cochin Shipyard exemplifies the transforming prowess of India's shipbuilding and repair industry. It could make CSL the preferred choice for building and repairing large vessels like LNG ships, Swiss Max and Cape size vessels. Large dredgers, green and autonomous ships, offshore oil rigs and large aircraft carriers. Another project inaugurated today, the International Ship Repair Facility ISRF is the largest ship repair facility in India, which will position Cochin Shipyard among the top ship repair giants in Asia. Strategically located, the facility will also provide the much needed rapid turnaround time for Indian naval vessels requiring operational and planned refits. The facility has work stations, a ship lift system with a total lift capacity of 6,000 tonnes and a 1.4 kilometre berth. ISRF will open its doors to over 2,000 maritime professionals with direct employment and additional opportunities rippling across linked sectors. Cochin Shipyard Limited, with its futuristic infrastructure proudly marches ahead to be one of the finest shipbuilding and ship repair companies in the world. Together, inspired by Make in India and Aakma Nidhar Parath initiatives of the government and steadfastly guided by the game-changing maritime Amrit KalVision 2047 of our Honorable Prime Minister Srinarendra Modi, we stand as proud contributors to an unstoppable success story called Parath.